5 Tips for Avoiding Taxes on Lottery Winnings

If the winner picks the lump sum, that $ billion drops to $ million Of course that is before taxes To get the full $ billion

5 Tips for Avoiding Taxes on Lottery Winnings Then, because lottery winnings are counted as income, an additional 37 percent tax will be levied against the sum, dropping it to $251,753,040

If the winner picks the lump sum, that $ billion drops to $ million Of course that is before taxes To get the full $ billion

29224 kerala lottery result Man from Middlesex wins $2 million in Powerball drawing WTVD logo After taxes, Crumel took home $1,425,012 I've been playing

The top federal tax rate is 37% for income over $500,000 When it comes to lottery prizes, the first thing that happens after you turn in that

24624 kerala lottery result After the 24% withholding, the winner could still owe another 13% in federal taxes, or about $70 million

after-tax sum of, let's say, $470 million That means she would have to spend a bit over $10 million a year, or roughly $29,000 per day, to